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In 2009, Growthpoint Properties Limited (JSE: GRT), South Africa's largest primary listed REIT, recapitalised Orchard Industrial Property Fund and created Growthpoint Properties Australia. At this time, the property portfolio consisted of 23 industrial properties, valued at approximately $650 million.

Since then the Group has grown, adding new properties to the portfolio, and enhancing its existing assets. The portfolio now consists of 57^ office and industrial properties, valued at approximately $4.6 billion^.

Historical transactions and events

Takeover of GPT Metro Office Fund (GMF) – 2016

On 1 July 2016, Growthpoint announced a $321 million off-market takeover offer for ASX-listed GMF. The fund comprised six A-grade office properties valued at $440.3 million. 

Historical information on GMF and the takeover transaction can be found below.

GMF takeover by Growthpoint Properties Australia
Distribution and tax information for GMF Securityholders
GMF – historical results and reports

Growthpoint Properties and Rabinov Property Trust Merger – 2011

In July 2011, Growthpoint completed a scrip takeover of the Rabinov Property Trust coupled with a $102.6 million rights issue. Through the merger Growthpoint acquired four office properties and two industrial properties valued at a total of $184.0 million. 

Information on this transaction can be found in the following documents: